 "Not just Vemuri: Executives quitting big IT firms to join smaller ones")
For information technology professionals, small is the flavour of the season. They are leaving big companies and joining smaller peers lured by better job profiles and salaries.
Recently, when Ashok Vemuri quit Infosys, India’s second-largest software exporter,to join iGate, many were surprised. Vemuri was the head of key units at Infosys. He was tipped to become the CEO sooner or later. However, he chose iGate, a firm which is way way smaller than Infosys.
Reportedly, Vemuri made this choice because hewas unwilling to wait for two more years for his shot at the top job. Even if he waits, there was no guarantee that he would become the CEO considering therewere two other strong contenders, V BalakrishnanandB G Srinivas.
[caption id=“attachment_1103717” align=“alignright” width=“380”]  Ashok Vemuri. Image from Infosys website.[/caption]
But it’s not just Vemuri. According to an article in TheEconomic Times, several big executives working with top companies are quitting to join mid-sized companies probably because in a smaller firm they are handed powers they may not have had in a larger organisation.
In the process,mid-sized technology services companies are gaining management bandwidth and better leaderships.
Earlier, Ramesh Pillai, an executivewho spent about 13 years in HCL Technologies, joined Mindtree tolead its hi-tech vertical.Similarly, another mid-sized IT company, NIIT Technologies hired senior vice-president Sudhir Chaturvedi from Infosys as COO.
Impact Shorts
More ShortsWith the executives choosing to move away from large companies, it seems the future is aboutmid-sized IT companies.
Read the ET article here.
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